THE EFFECT OF ENVIRONMENTAL PERFORMANCE TO ABNORMAL RETURN OF THE COMPANIES LISTED ON IDX 2010-2011

ATIZAH, SINTA and Mukhtaruddin, Mukhtaruddin and Yusrianti, Hasni (2013) THE EFFECT OF ENVIRONMENTAL PERFORMANCE TO ABNORMAL RETURN OF THE COMPANIES LISTED ON IDX 2010-2011. Undergraduate thesis, Sriwijaya University.

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Abstract

Indonesia experience many problems of environmental damage. PROPER as an environmental control tool released by KLH and govemment received good response ffom several parties. However, some research studied about the relationship of environmental performance and economic performance found unexpected result. This research attempts to analyze the effect of environmental performance to abnormal retum by event study analysis technique before and after PROPER announcement. The observation period is 2010 and 2011. Sample used in 2010 is 30 companies, while in 2011 is 41 companies. Hypothesis used Wilcoxon Rank test with selected window is 5 days before and 5 days after the announcement. The result shows that, without rank categorization, there’s no significant difference of abnormal retum before and after PROPER announcement in 2010, while there’s a significant difference of abnormal retum before and after PROPER announcement in 2011. By the rank categorization, in both of observation period, there’s a significant different of abnormal retum before and after the company received Good Rank, while there’s no significant difference of abnormal retum before and after the company received bad rank. This fluctuate result may resulted by some limitations. Hence, it suggests to do further research in different type of Capital market and window.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Environmental performance, Abnormal return, Proper, Event study analysis, Good Rank, Bad Rank
Subjects:	H Social Sciences > HJ Public Finance > HJ3801-3844 Revenue from sources other than taxation H Social Sciences > HJ Public Finance > HJ9103-9695 Local finance. Municipal finance Including the revenue, budget, expenditure, etc. of counties, boroughs, communes, municipalities, etc.
Divisions:	01-Faculty of Economics > 62201-Accounting (S1)
Depositing User:	Tiara Hilda Safitri Rts
Date Deposited:	20 Jan 2021 06:13
Last Modified:	20 Jan 2021 06:14
URI:	http://repository.unsri.ac.id/id/eprint/40672

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